Insight into Marimekko's 2024 Annual Performance Report

Marimekko's Annual Report 2024: A Comprehensive Overview

Marimekko Corporation has released its annual report for the year 2024, showcasing the company's performance and strategic direction. This document encompasses critical aspects such as the report from the Board of Directors, consolidated financial statements, the corporate governance statement, and the remuneration report. This annual publication is available in both English and Finnish, presented in an accessible PDF format.

Sustainability at the Forefront

A notable addition this year is the integration of a sustainability report within the Board of Directors' report. For the first time, this report aligns with the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS), reflecting Marimekko's commitment to responsible business practices. The authorized sustainability audit firm, KPMG Oy Ab, has provided a limited assurance on this report in accordance with ISAE 3000 (revised), ensuring transparency and credibility in Marimekko's sustainable initiatives.

Financial Statements and ESEF Compliance

In adherence to the European Single Electronic Format (ESEF) reporting requirements, Marimekko’s 2024 financial statements are published in XHTML format. This modern approach ensures that primary statements within the consolidated financial statements are labeled with XBRL tags. Moreover, the accompanying notes have also been tagged accordingly, with KPMG Oy Ab once again ensuring the integrity of the XHTML file and the XBRL tags as per the ISAE 3000 (revised) guidelines.

Availability of Documents

For stakeholders and interested parties, both the XHTML file and the comprehensive publication for the year 2024 are accessible via Marimekko's corporate website. This effort underscores Marimekko’s commitment to fostering open communication and providing stakeholders with essential updates regarding their operations.

Overview of Marimekko’s Business Performance

In 2024, Marimekko achieved remarkable financial results, with net sales amounting to EUR 183 million and a strong comparable operating profit margin of 17.5%. These figures highlight the brand's robust market presence and the effectiveness of its strategies in a competitive landscape. With approximately 170 Marimekko stores worldwide and a thriving online presence serving 38 countries, the brand continues to expand its reach across key markets, including Northern Europe, the Asia-Pacific region, and North America.

Company Insights and Cultural Impact

Marimekko is not just a brand; it’s a symbol of Finnish design and creative expression. Founded in 1951, the company is renowned for its striking prints and vibrant colors that define its product portfolio. From stylish apparel to unique home décor items like textiles and tableware, Marimekko plays a significant role in enriching lifestyles with its distinctive designs. Employing around 480 individuals, the company thrives on fostering a creative work environment that reflects its artistic heritage.

Contact Information for Inquiries

For more information regarding the annual report or any inquiries, interested parties can contact Anna Tuominen from Corporate Communications. She can be reached at Tel. +358 40 584 6944 or via email at anna.tuominen@marimekko.com.

Frequently Asked Questions

What does the 2024 annual report include?

The report contains the Board of Directors' insights, consolidated financial statements, and a sustainability report, among other essential documents.

How has Marimekko performed financially in 2024?

Marimekko reported net sales of EUR 183 million and a comparable operating profit margin of 17.5%, indicating strong financial health.

What is the significance of the sustainability report?

The sustainability report demonstrates Marimekko’s commitment to transparency and responsible business practices, compliant with global standards.

In which formats are the reports available?

Marimekko's reports are available in PDF format and the financial statements are compliant with XHTML standards.

Who can I contact for more information about the report?

For inquiries, you can contact Anna Tuominen via phone or email for further details regarding the annual report.

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